I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Sunday 4 September 2016

SRS : You open. I open

Uncle8888 was talking to one woman and realized she too has SRS account. She has contributed once; but she doesn't need to pay any income tax as her three Child Tax Relief has completely offset any income tax payable and still have balance to offset many more years of future income tax payable.

Hmm... Uncle8888 was puzzled and asked why you open SRS?

You open. I open. Follow the crowd?

Some folks better know why you need SRS and for what purpose


  1. Replies
    1. OK lah!

      I'll come out to say it out loud, "She's not wearing any clothes!"

      CPF is already a forced savings.

      The MAIN reason for using SRS is because of tax savings. Period.

      Its introduced by top earnings for top earnings.

      What's better than SRS and voluntary CPF contributions in reducing out tax bill?

      1. Have more babies!!!

      2. Get retrenched.

    2. :-)

      BTW, she might have read your comment. he he.


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